Fisher Asset Management LLC Grows Position in Resideo Technologies, Inc. $REZI

Fisher Asset Management LLC boosted its stake in shares of Resideo Technologies, Inc. (NYSE:REZI) by 4.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,090,528 shares of the company’s stock after acquiring an additional 44,206 shares during the period. Fisher Asset Management LLC owned 0.73% of Resideo Technologies worth $47,089,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Clayton Dubilier & Rice LLC grew its position in shares of Resideo Technologies by 130.3% during the third quarter. Clayton Dubilier & Rice LLC now owns 13,286,384 shares of the company’s stock valued at $573,706,000 after purchasing an additional 7,516,233 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Resideo Technologies by 1.6% in the second quarter. Geode Capital Management LLC now owns 3,501,932 shares of the company’s stock worth $77,261,000 after buying an additional 55,666 shares in the last quarter. Prudential Financial Inc. boosted its stake in Resideo Technologies by 12.8% during the second quarter. Prudential Financial Inc. now owns 2,860,731 shares of the company’s stock valued at $63,108,000 after buying an additional 325,410 shares during the last quarter. Norges Bank purchased a new position in Resideo Technologies during the 2nd quarter valued at approximately $40,374,000. Finally, Ophir Asset Management Pty Ltd bought a new stake in Resideo Technologies in the 2nd quarter worth approximately $35,419,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.

Resideo Technologies Stock Down 2.5%

NYSE REZI opened at $37.35 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.30. Resideo Technologies, Inc. has a 52 week low of $14.18 and a 52 week high of $45.29. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of -9.27 and a beta of 1.71. The company has a fifty day moving average of $36.27 and a two-hundred day moving average of $36.76.

Analyst Ratings Changes

A number of research firms have recently commented on REZI. Wall Street Zen downgraded Resideo Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Resideo Technologies in a research report on Thursday, January 22nd. Zacks Research cut shares of Resideo Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Morgan Stanley upped their target price on shares of Resideo Technologies from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Resideo Technologies currently has an average rating of “Hold” and a consensus target price of $39.67.

Resideo Technologies Profile

Resideo Technologies, Inc, headquartered in Austin, Texas, is a global provider of home comfort, security and energy management solutions. Formed as an independent company in 2018 following its spin-off from Honeywell, Resideo leverages decades of engineering experience to deliver connected products and services to residential and light commercial customers.

The company’s core offerings include smart thermostats, security systems, video doorbells, water leak and freeze detection devices, and indoor air quality monitors.